Ironically, he said it at a time when Detroit automakers have been laying off unionized workers by the tens of thousands, while Toyota has been hiring tens of thousands of non-union American automobile workers.

Oops. Talk about sucky timing. Continuing:

Labor unions, like the government, can change prices -- in this case, the price of labor -- but without changing the underlying reality that prices convey.

Neither unions nor minimum wage laws change the productivity of workers. All they can do is forbid the employer from paying less than what the government or the unions want the employer to pay.

When that is more than the labor in question produces, some workers who are perfectly capable become "unemployable" only because of wages set above the level of their productivity.

In the short run -- which is what matters to politicians and to union leaders, who both get elected in the short run -- workers who are already on the payroll may get a windfall gain before the market adjusts.

But, sooner or later, the chickens come home to roost. They have been coming home to roost big time in the automobile industry, where hundreds of thousands of jobs have been lost over the years.

It is not that people don't want automobiles. Toyota is selling plenty of cars made in its American factories with non-union labor.

Sowell goes on to see where the same leftist claptrap has been tried and failed, yet these people who fancy themselves to be intellectuals are real 'tards when it comes to basic economics:

Senator Obama is being hailed as the newest and freshest face on the American political scene. But he is advocating some of the oldest fallacies, just as if it was the 1960s again, or as if he has learned nothing and forgotten nothing since then.

He thinks higher teacher pay is the answer to the abysmal failures of our education system, which is already far more expensive than the education provided in countries whose students have for decades consistently outperformed ours on international tests.

Senator Obama is for making college "affordable," as if he has never considered that government subsidies push up tuition, just as government subsidies push up agricultural prices, the price of medical care and other prices.

He is also for "alternative fuels," without the slightest thought about the prices of those fuels or the implications of those prices. All this is the old liberal agenda from years past, old wine in new bottles, a new face with old ideas that have been tried and failed repeatedly over the past generation....But politics is not about facts. It is about what politicians can get people to believe.

About Me

I am not conservative or Republican. I am a "neo-libertarian." It’s more logically consistent than conservatism and liberalism.
Liberals are not evil; however, their ideology has proven to be a demonstrable failure and incredibly harmful when administered on the body politic.
I have lived in the South all of my life. While I'd love to travel, I don't want to live anywhere else. Though I currently live near Jacksonville, FL, I call Memphis home (lived there most of my life). I'm a Florida State University Seminole, through and through.
All viewpoints are welcome on my blog. However, if I ban you or edit/delete your comments, it's because I found you to be offensive, repulsive, or otherwise useless. My world, my rules. Deal with it, or beat it.
Finally, I had a happy childhood, so my worldview has NOT been "warped" by a lousy upbringing. Quite the contrary: I have been blessed, and my outlook has been molded accordingly. I won't apologize for having grown up in a loving, middle-class family.